Newfoundland to Take Offshore Stake

Monday, September 17, 2007
The Canadian province of Newfoundland plans to take a 10% stake in new oil and gas projects off its coastline, Forbes reported. The demand was contained in the provinces 35-year energy plan recently released. The province will take a 10% stake in future offshore oilfields if they meet long-term strategic objectives and will pay its share of exploration and development costs, he said. Last month the province reached an agreement with oil companies Chevron, ExxonMobil, PetroCanada and Norsk Hydro ASA, giving it a 4.9 pct stake in the offshore Hebron project. (Source: Forbes)
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Research Award to Honor Outgoing ABB Chairman Gruenberg

ABB, the leading power and automation technology group, has created an international research award to honor Hubertus von Gruenberg, who is stepping down after

DNV GL's Walk to Work Guidelines for Offshore Personnel

Offshore facility operators can now consider an alternative and more cost-effective means to transfer personnel to and from their facilities, which is safe, efficient and regulatory compliant.

USN Escort U.S. Flagged Ships in Strait of Hormuz

Ships from U.S. Naval Forces Central Command in Bahrain have begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz, Defense Department officials said.

Navy

Asian Tanker Hijacked in Malacca Straits

The Singapore-flagged Ocean Energy was hijacked in the Straits of Malacca on Saturday and fuel siphoned from tanker.   According to a report from the Southeast Asian piracy watchdog ReCAAP,

USN Escort U.S. Flagged Ships in Strait of Hormuz

Ships from U.S. Naval Forces Central Command in Bahrain have begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz, Defense Department officials said.

US Navy is Buying the Wrong Ship, Costing Taxpayers Billions

The United States will spend $585 billion on its armed forces in 2015 — the biggest military budget in the world by far. That’s just the Defense Department budget

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1197 sec (8 req/sec)